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Uroplasty Reports Financial Results for the Second Quarter FY2011
Date:10/27/2010

cal incontinence, or that if it is, it will be reimbursed by private and governmental payers, or that any of the other risks identified in our 10-K will not adversely affect our expectations as described in these forward-looking statements .For Further Information:Uroplasty, Inc.

EVC GroupDavid Kaysen, President and CEO, or

Doug Sherk/Jenifer Kirtland (Investors)Medi Jiwani, Vice President, CFO, and

415.896.6820Treasurer

Chris Gale (Media)952.426.6140

646.201.5431UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)Three Months EndedSeptember 30,Six Months EndedSeptember 30,2010200920102009Net sales

$3,244,823$2,986,475$6,280,322$5,812,404Cost of goods sold

594,469535,0741,105,1651,087,044Gross profit

2,650,3542,451,4015,175,1574,725,360Operating expensesGeneral and administrative

897,368713,0401,747,6851,561,591Research and development

472,008435,898872,637963,713Selling and marketing

2,017,4201,968,0544,005,9464,025,342Amortization

210,682211,503421,450423,3163,597,4783,328,4957,047,7186,973,962Operating loss

(947,124)(877,094)(1,872,561)(2,248,602)Other income (expense)Interest income

17,99924,23031,62755,629Interest expense

(1,938)(1,788)(3,885)(9,694)Foreign currency exchange gain (loss)

10,574(7,365)12,364(14,697)Other, net

-2,000(192)(183)26,63517,07739,91431,055Loss before income taxes

(920,489)(860,017)(1,832,647)(2,217,547)Income tax expense

2,18314,64219,33322,887Net loss

$(922,672)$(874,659)$(1,851,980)$(2,240,434)Basic and diluted loss per common share

$(0.05)$(0.06)$(0.11)$(0.15)Weighted average common shares outstanding:Basic and diluted

19,088,24914,946,54017,207,95714,942,179UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)September 30, 2010March 31, 2010AssetsCurrent assets:Cash and cash equivalents & short-term investments
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SOURCE Uroplasty, Inc.
Copyright©2010 PR Newswire.
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